JPMorgan Chase & Co. Reiterates €39.00 Price Target for Basf (ETR:BAS)

JPMorgan Chase & Co. set a €39.00 ($45.35) target price on Basf (ETR:BAS) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.

A number of other research analysts have also recently commented on the company. Barclays set a €66.00 ($76.74) price objective on Basf and gave the company a neutral rating in a report on Friday, February 28th. Goldman Sachs Group set a €63.00 ($73.26) price objective on Basf and gave the company a neutral rating in a report on Friday, March 6th. Nord/LB set a €40.00 ($46.51) price objective on Basf and gave the company a neutral rating in a report on Tuesday, March 17th. Berenberg Bank set a €64.00 ($74.42) price objective on Basf and gave the company a neutral rating in a report on Wednesday, March 4th. Finally, Credit Suisse Group set a €64.00 ($74.42) price objective on Basf and gave the company a neutral rating in a report on Monday, March 2nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of €58.12 ($67.58).

BAS opened at €43.08 ($50.09) on Tuesday. Basf has a one year low of €37.36 ($43.44) and a one year high of €74.61 ($86.76). The stock has a market capitalization of $39.56 billion and a PE ratio of 4.71. The business’s 50 day moving average price is €53.00 and its 200 day moving average price is €62.97. The company has a debt-to-equity ratio of 48.13, a quick ratio of 0.86 and a current ratio of 1.87.

Basf Company Profile

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.

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Analyst Recommendations for Basf (ETR:BAS)

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